‘Tsenken’ is only part of the ‘Lost Cities-Cutucu’ project in southern Ecuador, which is huge, and which the Canadian explorer Aurania Resources Ltd. (ISIN: BMG069741020 / TSX-V: ARU) has already brought many positive exploration successes to several parts of the project. Now the project part ‘Tsenken’ is in the focus of the explorations, where after magnetic flyover measurements the field work with the taking of soil samples was started on the two promising places ‘Tsenken N1’ and ‘Tsenken A’.
The first section, ‘Tsenken N1’, from which the samples were evaluated, already brought sensational results with up to 7.1% copper and 55 g / t silver! These spectacular results clearly exceeded the already high expectations of the management!
Source: Aurania Resources
These extremely high-grade copper-silver components were found on a previously recognized area of 500 mx 400 m in breccia rocks from the rock outcrops on the surface. And surprisingly not only in rock fragments themselves, but finely distributed over the entire area. From this, the geologists conclude that the entire breccia area is to be regarded as a target area and must be prepared for drilling.
Given these results, it is not surprising that Dr. Keith Barron excited about the quality of the samples and the size of the mineralized area. He thinks that ‘Tsenken N1’ is relatively easy to explore further and announces exploration drilling with an ‘ultra-light weight’ drill that will start immediately after the pre-programmed drilling operations on ‘Tsenken N2’ and ‘Tsenken N3’. Mineralization of copper and silver without other metals is also surprising for him, since this normally hardly ever occurs. In his opinion, the fact that mineralization occurs not only in breccia areas, but also in sediments and intrusive rocks, speaks for ‘Tsenken’ in general, which indicates that the chances of further great finds are extremely high.
But that’s not all, the results of ‘Tsenken A’ came just a few days later, which caused the next success bomb to go off. While the samples on ‘Tsenken N1’ were sensational, the results of ‘Tsenken A’ top it all off on.
Samples with up to 10.4% copper and 131g / t silver are sensational and let you slowly imagine what a world-class deposit can develop on this part of the project!
Source: Aurania Resources
It was not only the CEO Dr. Keith Barron is enthusiastic, and the laboratory results were surprisingly good for geologist Professor Gregor Borg, who specializes in sedimentary copper deposits. So far, sediment layers with copper and silver have never been found in absolute proximity to porphyry formations. Regionally, copper-silver deposits had already been found in the sediment layers along the 23 km long zone, with numerous fossil plants in the rocks of the fold indicating metal-containing currents from below.
In many geological scenarios, such conditions offer the thickest and highest grade layers. Which of course makes ‘Tsenken’ one of the most attractive project goals in general. Of course, exploration wells are now also planned for this part of the project, which is only about 2 km away from ‘Tsenken N1’, but, according to the drilling plan for 2020, will only be started in the third quarter of 2020.
With the excellent degrees already showing the samples, it is no wonder that the management is striving for rapid further development with additional magnetic measurements, mapping and exploration drilling in order to better understand the geological potential of this super project as quickly as possible. Of course, this means that Aurania Resources shareholders can still look forward to a lot of top news in the second half of the year, which can be expected from further exploration of ‘Tsenken’.
In this context we would like to offer you the highly recommended video interview with President Dr. Recommend Spencer that he managed with Proactive Investor. In this interview, he explained the peculiarities of ‘Tsenken’ very informatively, and also talked about gold exploration. The video can be viewed here: http://www.aurania.com/proactive-investors-interviews-president-dr-richard-spencer/.
In accordance with section 34 WpHG, I would like to point out that Jörg Schulte, JS Research UG (limited liability) or employees of the company can buy or sell their own business in the shares of the companies presented at any time (e.g. long or short positions). This also applies to options and derivatives based on these securities. The resulting transactions may influence the company’s share price. The information, recommendations, interviews and company presentations published on the “websites”, the newsletter or the research reports are paid for by the respective companies or third parties (so-called “third parties”). The “third parties” include e.g. Investor relations and public relations companies, brokers or investors. JS Research UG (limited liability) or its employees can be paid directly or indirectly for the preparation, electronic distribution and other services by the companies discussed or so-called “third parties” with an allowance. Even if we compile each report to the best of our knowledge and belief, we advise you on other external sources regarding your investment decisions, such as Consult your house bank or a trusted advisor. For this reason, liability for financial loss that may result from using the explanations given here for your own investment decisions is categorically excluded. The custody account shares of individual shares, especially for commodity and exploration shares and small capitalized stocks, should only be so much that even with a total loss, the total portfolio can only lose marginally in value. Shares with a small market capitalization (so-called “small caps”) and especially exploration stocks as well as all listed securities in general are subject to considerable fluctuations. The liquidity in the securities can be correspondingly low. When investing in the raw materials sector (exploration companies, raw material producers, companies that develop raw material projects), additional risks must be taken into account. Below are some examples of separate risks in the raw materials sector: country risks, currency fluctuations, natural disasters and storms (e.g. floods, storms), changes in the legal situation (e.g. export and import bans, punitive tariffs, prohibition of raw material extraction or exploration, nationalization of projects), environmental regulations (eg higher costs for environmental protection, designation of new environmental protection areas, ban on various mining methods), fluctuations in raw material prices and significant exploration risks.
Disclaimer: All information published in the report is based on careful research. The information does not constitute an offer to sell the shares discussed or a solicitation to buy or sell securities. This report represents only the personal opinion of Jörg Schulte and is in no way to be compared with a financial analysis. Before you make any investments, professional advice from your bank is essential. The statements are based on sources that the publisher and his employees consider to be trustworthy. However, no liability can be accepted for the correctness of the content. No liability is assumed for the correctness of the charts and data shown on the commodity, foreign exchange and stock markets. The source language (usually English) in which the original text is published is the official, authorized and legally valid version. This translation is included for better understanding. The German version can be shortened or summarized. No responsibility or liability is assumed: for the content, correctness, adequacy or accuracy of this translation. From the translator’s point of view, the message does not constitute a buy or sell recommendation! Read here – https://www.js-research.de/disclaimer-agb/ -. Please also note the original English message, if available.
Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that has been posted by third parties in the “News” area of this website and does not adopt it as its own. This content is particularly recognizable by a corresponding “von” label below the article title and / or by the link “To read the complete article, please click here.”; the named third party is solely responsible for this content.